Tuesday, May 19, 2009


You can SEE quite clearly from this 10day / 15 min SPX chart
that the mkt is just about ready to roll over

Look at the 3 lower studies
1. is OBV
2. is MACD
3. is Ult oscillator

more later
Jay

35 comments:

  1. Looks pretty strong Jay.

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  2. looks like big wave down started right before the close

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  3. Waterfall4:50 PM

    Jay,

    Would you short tomorrow for a short day trade? Im assuming you still have the turn at 2.00pm on 22nd?

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  4. RRMAN
    Agreed
    Im short and expecting Friday = Payday

    Will need some cash tho to buy the 2pm pivot on Friday

    Would love to see spx 830- wouldnt that throw them all in a tizzy

    more later
    Jay

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  5. Anonymous11:03 PM

    We BULLS will NOT be intimidated by any permabears.
    We are in a BRAHMA BULL market. All this bearishness is an illusion perpetrated by our occult governments and bankers.
    They are the masters of mind-control and sleight of hand and are counteracting psychological forces thru the matrix they have constructed all around us.
    They control all information conduits to disseminate misinformation altering our perception of reality and thus achieving their insideous plans.
    The market forces are up until the men behind the curtain are exposed and that won't be for a very long time.

    666

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  6. Jay, what do you think of Chris's solar/lunar model he has been right on this year and it predicted the top on May 12th and the lil pop today it says we go down thru July with some lower highs interspersed...
    http://carolan.org/wp-content/uploads/2009/05/solunarmay12.gif

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  7. Waterfall7:58 AM

    rrman,

    Thanks for the link. Looks interesting. Based on Chris's chart were on the down leg now on what appears to be a sharp decline.

    Waterfall

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  8. Anonymous9:33 AM

    Friday of Holiday weekend selloff was once a good bet. I'm not so sure if it still works!!

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  9. Steve709:53 AM

    Jay -

    I've done my best to be supportive.

    However, it appears that you like my prior market timers are out to disappoint me again.

    Again, we hear there's going to be a market peak last week, then down into 5/22.

    Wrong! Wrong! Wrong!

    Question is, why do we still read wrong forecasts. That I haven't figured out yet.

    Steve

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  10. Anonymous9:57 AM

    Steve,

    What I like is how the newer gurus come in here with their forecasts. First up into 5-22 then down into 5-22. Bragged about how they "NAILED" the last high. Yet never saw "IN ADVANCE" that call.

    Mostly noise.

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  11. Anonymous9:58 AM

    steve70,

    There's something wrong about all of this. I think Jay has fallen prey to the "bodysnatchers".

    Lauren Phoenix

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  12. Anonymous10:02 AM

    Thanks for the link, rrman. Chris Carolan is sorta inline with my article "A Pall, Pressure to the Downside, Could be Astrological. Three Planets in Close Proximity, Jupiter, Chiron, Neptune (Called a Stellium) is Sesquiquadrate to Hypothetical Zeus." It's found at
    http://stocktock.ning.com/profile/coy
    near the bottom of the page. Also click on "Week of May 25", near the top of the page.

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  13. Jay,
    With ALL due respect, you were wrong.
    Market was up all day yesterday and is up strong today. Sorry, but that's just the way it is. Back to the drawing board. Adios

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  14. Anonymous10:26 AM

    Jay, you've been a real good fade lately ever since I saw you post on that joker Atilla's site. I appreciate all you do. Thanks for the predictions. Sometimes I wonder if all these new trading blogs are all the same people...naw can't be. Let me know when the market's going to go up so I knew this rally is over. That power index of yours is something to behold.

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  15. Anonymous10:33 AM

    What do you guys expect for freeeeeeeeeeeeeeeee. ROTFLMAO.

    Maria Ozawa

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  16. Anonymous10:37 AM

    lol. *snort* *snort*

    lol *snort*

    DA CHIEF

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  17. Steve7010:38 AM

    Maria -

    So you have the right to complain about wrong forecasts if you pay, but if the forecasts are free it doesn't have the same substance.

    Please !!

    I'll gladly sell some of mine if that would make a difference.

    Steve70

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  18. Anonymous10:46 AM

    steve70,

    If you're paying for forecasts, you need to have your head examined. There's no way you should pay anyone for market timing services. It's a scam!!

    Sure you have the right to complain. It's a free internet isn't it. Just don't complain too loudly or too long.

    Mellisa Doll

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  19. Anonymous10:49 AM

    steve70,

    Anyway I thought you would have learned your lesson by now. Go back to breakpointTrades.com where you came from.

    Sandra Romain

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  20. Wonder what you're going to say if they don't.

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  21. Anonymous11:40 AM

    here's something free you guys can use with you regular stuff whatever it is. It's free and about as reliable or better than most.


    /www.americanbulls.com/

    sarah blue

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  22. Anonymous11:43 AM

    Use this for Bradely dates:


    http://www.tametrading.com/component/option,com_wrapper/Itemid,283/

    janet mason

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  23. Anonymous11:48 AM

    http://www.tradersaffiliates.com/WEEKLY%20UPDATE.htm

    allie sin

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  24. Anonymous11:48 AM

    Comment frenzy again today


    best,
    A2

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  25. Anonymous12:24 PM

    advertising frenzy
    lol

    bufo

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  26. Anonymous12:27 PM

    advertising when you have to pay. propaganda when you don't.

    kobe thai

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  27. Anonymous12:31 PM

    ......or should I say...........

    "PROP-AGENDA"


    ....lolrotlmao

    ryan conner

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  28. Anonymous12:36 PM

    Everyone's ready to critic, yet I see no forecasts of their own.

    cal

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  29. Good forecasts based on trend lines
    can be found at acetraders.net These guys are good traders.

    ReplyDelete
  30. Anonymous3:29 PM

    Hang in there, Jay.
    Looking forward to finishing down tomorrow as well.

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  31. Anonymous4:39 PM

    Comment frenzy was again a good indicator. My sincerest and grateful thanks to all the grumpy people here, you guys are splendid contrary indicators ! :-)

    muchos gracias
    A2

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  32. Anonymous6:30 PM

    Actually the most valuable indicator on this blog is the occasional "snort" from da chief. It once again nailed a high almost to the minute.

    cb

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  33. I MISSED JAY TODAY, Where are you Jay? The day is just not the same without reading what Jay has to say!
    Always looking forward to your work.
    Pauline

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  34. Jay, the cycles are scattering and unreliable but 5/22 is still a high in my work.

    I'm backing out soon but still long.

    There are two sets of dominant cycles, one peaking in the next day or two and another bottoming.
    These bottoming cycles will be very steady up probably into mid July.

    This is why the local volatility
    and violent topping with these competing cycles but the peak of these near cycles is in the next 1-2 days.

    This configuration should produce a void after this near top and beginning of the next set turning up, a sudden drop early next week in the NDX.

    SPX will pullback too but it's not
    as volatile as the NDX.

    I am probably out on a limb calling 5/22 high but that is what it is.

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  35. Anonymous9:32 AM

    all quiet today
    nobody rotflmaos
    :)

    bufo

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